442 Macdonnell StreetKingston, Frontenac, ON, K7L 4E4
442 Macdonnell StreetKingston, Frontenac, ON, K7L 4E4
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Buy/sell history for 442 Macdonnell Street, Kingston, ON K7L 4E4
| Date Start | Date End | Event | Price | MLS# |
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Current valuation for 442 Macdonnell Street, Kingston, ON K7L 4E4. Listed for $2,375,000 on 2026-11-02
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Description
Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 6 one-bedroom units and 6 efficient bachelor units. Situated in a high-demand location with easy transit access to downtown amenities and post-secondary institutions. Strong Revenue Stream: Generating a solid $186600 in gross annual rent, plus extra income from the onsite coin-operated laundry and 3 dedicated outdoor parking spaces. Current Rent is 12% below market across the building, with room to improve. Low Owner Capital Expenditure: New roof replaced 2 years ago, offering low maintenance risk for years to come.Minimal Utility Costs: Each unit is individually metered for hydro, drastically keeping landlord utility expenses low. Key Features: Carpet-free building interior, exterior lighting, updated fire protection system, and select units with cozy gas fireplaces. An exceptionally stable, low-maintenance multi-family asset offering strong cash flow with reliable upside. CMHC Mortgage is transferable with certain conditions. The Loan loan term ends in 2029
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$2,375,000
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